Equitable Estates
Superimposed on the legal estate and interests in land, English courts also created "equitable interests" over the same legal interests. These obligations are called trusts which will be enforceable in a court. A trustee is the person who holds the legal title to property, while the beneficiary is said to have an equitable interest in the property.
Read more about this topic: Estate (law)
Famous quotes containing the word estates:
“The Sun shone whole at intervals--/Then Half--then utter hid--/As if Himself were optional/And had Estates of Cloud/Sufficient to enfold Him/Eternally from view--”
—Emily Dickinson (1831–1886)